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ABC
Dec 27, 2012 5:30pm EST
through the port of baltimore. that could stop if an agreement can't be reached with the long shore men. don harrison explain what the labor dispute means for us. >> reporter: the port is one the main economic generators in the state of maryland. we have it over 14,000 jobs at this port. 1500 of those are ila labor jobs. those union long shore men could walk off the job sunday morn figure a new contract isn't settled. unions say it'll shut down the two largest terminals at the port where cars, farm equipment and cargo containers delivered. the port administration hopes a work stop age can be avoided. >> we are again hopeful that there will be an agreement before the deadline. we are going forward with our plans to accommodate if that agreement isn't met. >> reporter: the port administration is working on a back up plan. part of it would open two terminals only open during the week to business on the weekends. >> we want to make sure we can get as much cargo moving as possible leading up to the work stop age. . >> reporter: as issue are the usual wages and health care but one major sti
NBC
Dec 28, 2012 6:00am EST
paralyze shipping, for making a very difficult for goods to get into the area. port workers along the east coast could go on strike in just a few days. kim dacey joins us live from self baltimore with more on what it could mean for our area. >> ledgewood -- could be the biggest port strike along the eastern seaboard in 35 years. it would affect about 2000 workers in baltimore alone. about $55 billion of cargo a year goes in and the port and according to the port administration, 108,000 jobs linked to activities at the port. if negotiations between the maritime alliance and international longshoremen are not going well. unless an agreement is reached by midnight sunday, there would be a complete shutdown of all ports, from maine to texas. a report spokesperson said there is a possibility the strike would only be partial and would only affect cargo in containers because warranties for workers of that type of cargo is the big sticking point. that could avoid a stoppage of automobile shipments and cruise ship operations. >> if containers remained to be the focal point, we think it could be a b
PBS
Dec 27, 2012 4:30pm PST
. dockworkers at some of the nation's biggest ports could walk off the job this weekend, if a new labor deal isn't reached. as allison worrell reports, a strike could ripple far beyond the ports. >> reporter: if a deal isn't reached by 12:01 a.m. sunday, union dock-workers will take to the picket-line. 15 ports span the east and gulf coasts. and while they're in different locations, handling different types of cargo, they all agree, a strike would be very bad for business. >> it's really important for the people in our country to recognize, in this state, that a strike combined with the ongoing negotiations between congress and president obama regarding, um, the so-called fiscal cliff could be a one, two combination knock out for nation's economy. >> if a strike does happen that means a big chunk of the more than 14,000 members of the international longshoresmen association will be off the job. >> reporter: the ports impacted generate an estimated $11 billion in state and local taxes annually. but losses from any strike will be felt far beyond the coast, with industries as diverse as agriculture
FOX Business
Dec 27, 2012 8:00pm EST
to walk out of ports this weekend. jonathan gould said this strike would make things worse. jonathan, what is the impact to the retailers? >> thank you very much, tom, impact for not only retail industry but all industries rely on the ports for imports and exports will be significant if they are allowed to shut down for any length of time witness once the contract expires this weekend. tom: from department stores to lumber, and auto, will one be hurt worse? >> this will be widespread across all industries, including retail, manufacturers who rely on inputs to production, farmers trying to get their products overseas, and trucking companies who rely on ports to move containers in and out, this will be wide spread. for all industries who rely on the ports, in and out of u.s. tom: what is the fight? what is the problem? >> well i think there are a number of issues that need to be discussed between the unions. we're not taking issues on any -- positions on any of the issues, everything from container royalties, to jurisdiction issues, and from management side issues with regard to work rules a
ABC
Dec 28, 2012 6:30am EST
are there in a bit. >> repor strike looming at the port of baltimore and ports along the east coast. why thousands of longshoremen could walk off the job this weekend and what it could mean for our economy. >> linda so looking cold downtown. we have temperatures in the 30s. how about 600 miles to the south in west that's a snowstorm for tomorrow. details coming up. >> reporter: my 69 -- mike, 695 is nice and clear. i will let you know what traffic looks like on 95 and 83. all coming up on good morning maryland. >>> good friday morning. this is your abc2 news to go i am megan pringle. >> i am charley crowson. meteorologist mike mat co changes could be on the way but not right now. >> look at how beautiful this is chesapeake beach. man it's chilly. the airport 33 degrees and westerly wind at about 3. so that's making the temperatures feel like they are in the 20s. it's 3 # elders-- 32 eldersburg. baltimore city at 39. winter weather advisory towards northern harford county and cecil county. you get the deal. clouds will be in here during the course of the afternoon 600 miles to the south and west th
FOX
Dec 28, 2012 6:00am EST
shawan mmp 3 a major striie at 15 major east coast ports.. including the poottoffbaltimore could would affect billions of dollars of cargo along the coast.the contract between he inteenational longshoremen association and the u-s maritime alliince... whichh and port operators... is et to expire one minute ast midnight ec 30th.tteeissuee? reduce "contaaner royalties." if a deal isn't reachee... a strike could stoo all container traffic aa the port. (7708) the port of baltimore is ne of maryland's largess eceonice gernerators so any type of ork action hat may stoppage of work would have an effect.morr ttan 100 organizations have urged ppesident obama to order an 88 ddy cooling off period but right now there is no administration will move in thattdirection.losing the ports to a shutdown.. even ffr a few ays.. could cost the economy billions of dollars. 3 a high-stakes meeting will be held in washington today.... betweenn resident obama ad &ptop coonressional leaders. leaders.they've got just 4 days left to reach an aageement... before the u-s economy goes over the poocclled "fisc
FOX Business
Dec 14, 2012 1:00pm EST
, still drifting at this point. >>> america's fastest growing port, you think it is los angeles, maybe new york, think again. savannah, georgia tops the list thanks to exports of chicken feed, a delicacy in asia. the head of the port is up ahead. tracy: maybe he will tell us how to eat those. ashley: no. tracy: outrage over spending bill for superstorm sandy is filled with pet projects in washington, d.c. while people are still devastated by the storm. liz claman on the story. ashley: from chicken to pork. time for stocks now. as we do every 15 minutes we head to the floor of the new york stock exchange, and nicole petallides. the market is literally at a stand till over this fiscal cliff. >> i knew you knew where we were going every 15 minutes, ashley. we have to check in on the markets. you're seeing the dow who haver around the unchanged line, down three points now. tech-heavy nasdaq the worst of the bunch down one half of 1%. app, i'm also watching whether or not the dow will have winning week. we had three straight weeks in a row of gains. if we close right here right now we're all ri
CBS
Dec 27, 2012 5:30pm PST
strike by longshoremen. union leaders for nearly 15,000 dock workers at every port from texas to maine say they'll walk off the job on sunday. we asked anna werner to find out how a strike would hurt the u.s. economy. >> reporter: the port of houston handles 42 million tons of cargo every year. it extended its hours this week to try and get shipments in and out before a strike can bring the port to a standstill. jim gillis is vice president of gulf intermodal services, a container trucking company. >> we've seen a dramatic increase in volumes and congestion as a result. >> reporter: what happens if they can't get all the goods out of the port? >> you have containers being held in yards around the houston area, specifically, so you're going to see stores are going to have problems stocking. >> reporter: negotiations between the international longshoremen's union and the shipping companies are deadlocked over a proposal to cut royalties paid to 15,000 dock workers for each ton of cargo they move. a shutdown would affect 15 ports on the east and gulf coasts, including new york, baltimore,
KICU
Dec 19, 2012 11:30pm PST
% of gasoline to bay area pumps. >> we have a new twist in our investigation of the port of oakland and improper spending less than a week after the port announced the retirement of its director, james quan won't be leaving work there all together. how much he will continue to earn there. noelle. >> reporter: ktvu has learned starting next year james quan will continue to work with the port for a period of 7 months, essentially as a consultant. a port spokesman says he'll be a retiree annuitant. working with transition. this is the same james quan who earlier this month along with former port executive director agreed to pay back more than $5000 they spent at strip clubs and charged to the port of oakland. we spoke via skype with kelly who teach business ethics at uc berkeley. >> given the egregiousness of the allegations against him and his team, it seems shocking they would want to continue to associate with what i think is a damaged brand. >> reporter: the port announced his retirement earlier this month on the same day it released an internal audit and investigation that revealed some of the
FOX
Dec 19, 2012 10:00pm PST
in our investigation of the port of oakland and improper spending less than a week after the port announced the retirement of its director, james quan won't be leaving work there all together. how much he will continue to earn there. noelle. >> reporter: ktvu has learned starting next year james quan will continue to work with the port for a period of 7 months, essentially as a consultant. a port spokesman says he'll be a retiree annuitant. working with transition. this is the same james quan who earlier this month along with former port executive director agreed to pay back more than $5000 they spent at strip clubs and charged to the port of oakland. we spoke via skype with kelly who teach business ethics at uc berkeley. >> given the egregiousness of the allegations against him and his team, it seems shocking they would want to continue to associate with what i think is a damaged brand. >> reporter: the port announced his retirement earlier this month on the same day it released an internal audit and investigation that revealed some of the credit card holders skirted spending lim
CSPAN
Dec 9, 2012 2:00pm EST
. the port of new york and new jersey, most of it is on the new jersey side is the mega port of the east coast. 250,000 jobs, 25 billion to $30 billion of economic activity for the nation suffered widespread damage. ships were unloading during the course of the storm, b a full recovery from the damage caused on theorts will take much longer. the storm surge grew to 14 feet, winds were about 90 miles per ho, pore than 700 cargo containers were damaged when the surge and high winds toppled the containers on to another. in thispicture, you can see half of the rt authority barge was lifted on to a berth in red ho hook. in jersey cy, a float was used to move railroad cars broke in half. 150 feet of railroad track was washed away. cargo handling cranes and other pieces of equipment were severely damaged. this is also important to national security issues, in the last background, the only port in bayonne, new jersey was closed, so the use of commercial port for forward projection for the east coast is the port of new york and new jersey. when it cannot operate, it's part of a national security
FOX
Dec 21, 2012 4:00am PST
that would hit ports stretching from massachusetts to texas could have a ripple effect on the national and global economy. just days after a west coast port strike was resolved, this new walkout is being threatened by nearly 15,000 longshoremen union members who are upset over wages and royalty payments. the strike would cripple 15 different ports. the union did not answer our calls, but the national retail federation says the walkout would cause a national economic emergency, and urges president obama to use "all means necessary" to prevent a strike. "we thnk the ripple effect would be fairly significant. all the industries that rely on parts, both importers and exporters, manufacturers, farmers, truckers, rail, you name it, all rely on the ports to move the nation's and global commerce." that was jonathan gold, vp of the national retail federation. the current contract expires at midnight on december 29th. lawmakers remain divided today over a deal to avert going over the fiscal cliff. last night, the house passed legislation known as plan b, which raises taxes on americans earning $
PBS
Dec 28, 2012 4:30pm PST
in washington this weekend. >> port: thpresident declared himself modestly optimistic congress could still reach an agreement to head off huge tax hikes on january first, but he also warned lawmakers to get their work done. >> the american people are not going to have patience with a self-inflicted wound on the economy. >> reporter: senate republican leader mitch mcconnell called the white house meeting a good one and he told his fellow republicans he hoped to have a fiscal cliff recommendation soon. >> we will be working hard to see if we can get there in next 24 hours and so i am hopeful and optimistic. >> reporter: but the sticking point remains finding something that can make it through the house with enough support from republicans. >> it seems like the 250 threshold that the president proposed previously is unlikely to pass the house in its current form, and so without some sort of additional compromise there, it seems unlikely that we're going to get something done before the end of the year. >> susie: you know thanks for that report. i am just wondering from all of the reporting you have
CNBC
Dec 3, 2012 5:00pm EST
to medical marijuana we have you covered in the west coast wrap from the port of l.a. in long beach with the latest on the strike. >> there is really only one story going on here right now and it is the strike. we are told the mayor is flying back from columbia to get down here to negotiations. we just talked to the head of the union and he says they are in this for the long haul. the unions say it is not about the money because the money is good. this is about job security. you are looking at a ship that has been sitting there since wednesday. it is filled not just with retail goods but a lot are parts, stuff that is needed now. >> it ripples through the supply chain. if the docks are not working and are not unloading cargo then the truckers are not working. it is going to get to the point where stores are going to be looking for their shipments and they are not getting them. after a week things are -- people are going to start noticing. >> now about a dozen ships have been diverted to other ports, most to mexico but other ships are waiting it out. if ships aren't offloaded exporte
FOX News
Dec 27, 2012 1:00pm PST
. this is the looming port strike threatening to shut ports from boston, miami and beyond. florida governor rick scott telling the media a strike will be devastating to his state's economy. governor's right but it's an entire nation about to get slammed. brent is the president of miller and long construction. we import -- we pointed out somewhere around 65% of international trade hits the ports. we import cars, we import produce, we import oil and gas. explain how this will affect the prices for people watching right now of everything. >> well, it will be very significant in a lot of ways. we're talking about eleven ports, basically from boston pretty much all the way around to houston. the reason governor scott is concerned is there are four ports in florida that will be affected. this is containerized shipping. electronic goods, food stuff and things like that. it could be massive impact, especially in this -- we had retailers getting trouble getting back on track. it will affect everybody's pocketbook eventually. >> eric: tell us how it trickles down to the consumer. >> basically everything will be
LINKTV
Dec 18, 2012 8:00am PST
such a deadly weapon? what's the gunman began in 1996 port arthur massacre was from new town, australia and. within days, australia, a country of hunters, passed the strictest gun control legislation in its history. there have been no mass killings since. the academy award winning filmmaker michael moore, the director of "bowling for columbine," response to the sandy hook massacre. >> there are crazy people and there are shootings and killings in norway and france and germany, but there hasn't been 61 mass killings like there have been in this country to a sense columbine. >> and the nra facebook page has gone dark. we will speak with lisa graves about big guns and big money. all of that and more coming up. this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman. residents of newtown, connecticut, have begun holding the first of many kernels for the 27 victims killed in friday's shooting rampage at sandy hook elementary school. on monday, noah pozner and jack pinto, 06 years old, were laid to rest in small caskets. more funerals are slated today including two m
CBS
Dec 28, 2012 7:00pm EST
the cliff- hanger over the nation's east and gulf coast ports, is almost over. federal mediators say dockworkers represented by the longshoremen's union and the u.s. maritime alliance are close to finalizing a new labor deal. so close, that they've extended the deadline on negotiations by another 30 days. this heads off a strike that could have begun on sunday, crippling 14 important ports. the possibility of a strike worried retailers, manufacturers, and farmers, and risked losses in the billions. >> susie: our next guest says once the fiscal cliff mess is resolved, there will be an explosion of mergers and acquisitions in 2013. he's robert profusek, chairman of the global m&a practice at jones day. so bob why you are so up beat about more mergers and being a acquisitions especially with everything going on with the fiscal cliff. >> it's a pessimistic time andthat is a cause for optimism in the merger market. m & a has been fantastic. 9 market has been okay. it's not been at the terrible but it's been good. it's been held back by the negativism that was focused on the eu and this ye
CNN
Dec 27, 2012 1:00pm PST
that could shut down some of the country's busiest ports. we'll show how it could impact you. ?o [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road sensors will talk to stoplights about traffic efficiency. the ambulance will talk to patient records will talk to doctors about saving lives. it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. the next big thing? we're going to wake the world up. ♪ and watch, with eyes wide, as it gets to work. ♪ cisco. tomorrow starts here. by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>> it was a wild ride to election day 2012. jim acosta has the top ten campaign stories of the year. >> reporter: the year started off with a surprise i
FOX Business
Dec 4, 2012 5:00pm EST
of the strike shutting down the biggest ports in the country. think it doesn't affect you? all the holiday presents you ordered could be stuck out at sea, oh, no!. we'll explain it coming up. >>> egyptian president morsi forced to plea his palace after tens of thousands of protesters battle police outside. morsi's days could be numbed per. we'll talk about the impact here at home. even when they say it's not it is always about money melissa: look at the day's market headlines, wait and see is the name of the game on wall street. they watched the latest sparring over the fiscal cliff. stocks weighed between positive and negative territory. shares of netflix soaring more than 14% you wow! the company announced exclusive dib shun deal with disney. they will get first run streaming rights for disney films beginning in 2016. gold prices losing their shine. the commodity tumbled below $1700 a ounce hitting a one-month low. >> to our top story, no bias or bull. "money" will lay it out for you. all the talk about we can't fall off the fiscal cliff, we say why not? it may not be the worse option? m
CNBC
Dec 28, 2012 9:00am EST
. wind farms and dairy are set to get hit. >> the ports of the east coast and gulf coast are bracing for a potential strike. the potential for this, midnight sunday with a shutdown threatening to threaten 20% of the cargo traffic. >> and instagram feeling the sting of the flap around privacy with users, fleeing the site. how will this impact facebook? >> as we mentioned, dennis berman, "wall street journal" market place editor is joining us here on set once again for the next hour. good to have you back, dennis. lots to talk about between the cliff and other news. >> three days before the u.s. goes over the fiscal cliff, congressional leaders will meet with the president this afternoon. i remember standing on the white house north lawn last month, after leaders met with the president back then. things looked pretty promising. here's what they said after that meeting. >> i believe that the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> i feel confident that a solution may be in sight. >> it was a construct
FOX Business
Dec 5, 2012 1:00pm EST
pushing blue-chips into triple-digit gains. right now the dow is up 113 points. >>> workers at the ports of los angeles and long beach are back at work today of an eight-day strike crippled one of the nation's busiest ports. the announcement came from the mayor of los angeles who joined federal negotiators to negotiate a deal between the employees and portfolio managerment. mayor villaraigosa will be a guest on fox business. >>> elizabeth murdoch died, mother of rupert murdoch. she was considered one of australia's most generous philanthropists donating money to more than 100 charities. dame elizabeth murdoch was 100 years old. that is the latest from the fox business network, giving you the power to prosper. lori: as republicans and democrats continue the back and forth over the fiscal cliff one thing they're already losing is the confidence the american people. look at this. just four in 10 americans believe washington will reach a deal by year's end to avert the fiscal cliff but nearly half do not think they will. that is according to this new poll released by the pew research center.
CNN
Dec 28, 2012 6:00am PST
.com/pricerewind. >>> as if the looming fiscal cliff wasn't enough to worry about, now 14,000 dockworkers at ports from massachusetts to texas are threatening to go on strike sunday. that could cost americans billions of dollars, because shipping costs on everything from shoes to cars would skyrocket. cnn's brian todd is at the port of baltimore. >> reporter: victor, this is a crucial port for commerce in this region. this is the seager terminal in baltimore. you see a containership to my right, the terminal on my left. over my left shoulder, 600,000 containers move through the port of baltimore every year, billions of dollars' worth of goods but that could all come to a grinding halt if the dockworkers and the shipping companies can't reach a deal. they moved everything from our cloths to toys and electronics through the ports and into the marketplace but a lot of the goods won't be making it to our stores if longshoreman from maine to texas go on strike. that's what could happen by sunday if a deal can't be reached between the major shipping companies and a union representing nearly 15,000 longshoremen. >> the imp
FOX Business
Dec 28, 2012 11:00am EST
washington should not pull out the rug from under this rebound. ship wreck, massive port strike that could happen this weekend halts commerce for the country. top of the hour, stocks now and every 15 minutes, lauren at the new york stock exchange. stocks down, but it could be worse, lauren. >> it could be worse. at one point, after 109 points, and now down 59 on the second to last trading day of the year. the nasdaq, believe it or not, is the winner today, down by just about .16%, doing the best of the three major averages. i point that out because for the month of december, the nasdaq is the only major average negative. it's interesting to know we started the year with nasdaq at 26.0 # 5, and now at 29.81, we came a long way. a good year for tech. the vix up above 20. fear of the fiscal cliff and traders saying, all right, we have this idea of a deal getting done baked into the markets, but maybe that's going to unravel a little bit. barnes and noble share, stock up more than 6 #% as i speak. the news is both good and bad. bad news first. they say the holiday period and sales trends will
ABC
Dec 28, 2012 6:00am EST
on the horizon. thousands of workers at the port of baltimore and 14 of reports from boston to houston are threatened to go on strike this sunday. those ports move about 40% of the nation's container cargo traffic. the economic damage would reach well beyond the docks. >> from your mom-and-pop retailers to the farmers to the trucking companies will have to go pick up the containers at the ports. this will be felt not just at the ports locally, but nationwide everybody is on the ports to move their comrades. >> a major sticking point is the future royalties that the companies pay the longshoremen who moved the containers -- move. >> general norman schwarzkopf died and his home in tampa after suffering complications due to pneumonia. the 78-year-old commanded u.s. forces and a ground invasion to force iraqi troops out of kuwait in 1991 and commanded u.s. forces in nevada and won three silver stars while serving in vietnam. former president george h. w. bush will issue a statement saying that general schwarzkopf "to epitomize the duty, service country decreed that has defended our freedo
FOX Business
Dec 4, 2012 1:00pm EST
bullish going forward. back to you. melissa: thank you. a strikeout the nations busiest port complex. costing the nation a billion dollars a day. the port of long beach director joins us just ahead. lori: let's see how the dollar is trading. it is a weaker dollar with big euro pushing up to 130. the dollar weaker, really, across the board. we will be back with more after this. ♪ twins. i didn't see them coming. i hai need to rethink the oblco of my portfolio.atio. what i reallneed is sleep. introducing the ishares core, buildi blocks for the hearof your portfoli find out why 9 out of 10 large professional investors chse ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. he's going to apply testosterone to his underarm. axiron, e only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is nofor use in women or anyone younger than 18. axiron can transfet
FOX
Dec 24, 2012 4:00am PST
port, which is an ancient port in greece and one of the most important ports in the southern mediterranean. what they did was they basically took an operation that had been effectively lagging under greek ownership and completely turned it around. > > have the the greek people been welcoming of this? the chinese work way is much different from the european way, let's say. > > the chinese have an extremely efficient working practice. as one spokesman there put it to me, they basically run their business by showing that they work 24/7, that has actually rung alarm bells, though, among a number of greek workers, particularly unionized workers, reporting that they believe that this chinese company is basically bringing chinese third-world labor standards to greece and really to europe. > > i'm curious about that. how does that work with wages for instance? > > the company, cosco, took pains to try to integrate itself here in greece, to show that they were not an invader and to try to persuade greeks that they were not coming in here to basically sort of lower working standards in
PBS
Dec 28, 2012 7:00pm PST
- hanger over the nation's east and gulf coast ports, is almost over. federal mediators say dockworkers represented by the longshoremen's union and the u.s. maritime alliance are close to finalizing a new labor deal. so close, that they've extended the deadline on negotiations by another 30 days. this heads off a strike that could have begun on sunday, crippling 14 important ports. the possibility of a strike worried retailers, manufacturers, and farmers, and risked losses in the billions. >> susie: our next guest says once the fiscal cliff mess is resolved, there will be an explosion of mergers and acquisitions in 2013. he's robert profusek, chairman of the global m&a practice at jones day. so bob why you are so up beat about more mergers and being a acquisitions especially with everything going on with the fiscal cliff. >> it's a pessimistic time andtn the merger market. m & a has been fantastic. 9 market has been okay. it's not been at th terrible bus been good. it's been held back by the negativism that was focused on the eu and this year it's the fiscal cliff and the election and e
ABC
Dec 28, 2012 12:00pm EST
coast have been extended for 30 days. thousands of workers at the port of baltimore and 14 other ports from boston to houston were ready to go on strike sunday. those ports move about 40% of the nation's container cargo traffic. we enjoyed sunshine across the region, but the big story is tomorrow's potential snow. steve rudin is here to talk about that. >> we are watching the maps right now. right now it appears we will see a little bit of snow here in the d.c. area, but not a ton. take a look at the travel forecast. no problems for indianapolis, detroit, new york city and boston. you will find absolutely beautiful conditions as you head to the center of the country. we are watching a storm system to the lower left-hand corner of the screen. this is what is on its way tomorrow. it will start off as a bit of a wintry mix changing over to right now it appears mainly rain. already we do have a winter weather advisory set to go into effect late tonight into the day tomorrow. north and west of d.c., including frederick maryland, and the panhandle of west virginia. what to expect and when co
FOX News
Dec 28, 2012 6:00am PST
could suffer yet another major blow. looming strikes at ports from next sass to boston are threatening to put thousands of americans out of work. with potential losses for u.s. businesses ranging in the billions. >> the port of baltimore is one of maryland's largest economic generators. any type of work action that may result in a suspension or stoppage of work would have an adverse effect. >> we handle more cars, we handle more farm and construction equipment than any other u.s. port. patti ann: we're learning that adverse effect could take a toll on the economy. fox business network's stuart varney has more for us on that this morning. good morning, stu. >> good morning, patti ann. you're talking about two million tons of cargo a day. you're talking about billions of dollars of commerce every single day. if there is a port strike that takes place possibly on sunday of this weekend, then 14,500 dock workers walk off the job at 14 major ports on the east coast and the gulf coast. directly affected? retailers who will have a hard time getting supplies in for the spring sales. the wareho
CNBC
Dec 26, 2012 2:00pm EST
and down the eastern seaboard are bracing for a massive port showdown as unions threaten to strike and possibly shut down most imports and exports out of this country. let's add in cnbc contributor jimmy peeb. we focus so much on the fiscal cliff. if we shut down 14 or 15 of the biggest ports in america, that could do much more harm than any fiscal escarpment. >> it could do much more harm more quickly. the fiscal cliff on january 1st, the economy's not going to collapse. but the shutdown of these ports, you had $200 billion or $300 billion a year coming into this country through these ports. what i think interesting, the last time we saw an east coast longshoreman strike, port shutdown, was in 1977. a decade which i remember where nothing went right. nothing worked. right now, to me, not much is working so it only stands to reason that we get a strike like this at the worst possible time. >> is it even justified? peter, let me quote something from the "new york post" saying the strike is not about jobs, not about safety. essentially, what it is about is protecting big labor's arch
CSPAN
Dec 7, 2012 2:00pm EST
billion worth of damage to rail subway and port infrastructure in their state. they testified on surface transportation yesterday. >> i call this hearing to order. thank you for joining us, mr. secretary. i asked you to testify today because i'm deeply concerned about the recent report that the f.h.a. could potentially need taxpayer support for the first time in its 78-year history. i would like you to help the committee gain insight into the fiscal challenges at the f.h.a. and what h.u.d. has done and can do to mitigate losses and address the shortfall in the capital reserve ratio. f.h.a. has been helping save lives of the mortgage market by ensuring that qualified lower to moderate income and first time home buyers have access to credit since 1934. since the beginning of the financial crisis, the f.h.a. has increased its market share from below 5% in 2006 to about 30% at its peak volume in 2009, in pursuant of that mission. this cyclical expansion was essential to the mortgage market, especially for first time home buyers who have comprised 78% of single family loans insured by f.h.a.
CBS
Dec 5, 2012 4:00am PST
port complex. workers are expected to return to work this morning. clerks at the ports of los angeles and long beach, california had been on strike for eight days. the deal was reached hours after federal mediators entered the talk. the port handles a billion dollars worth of cargo a day. >> the flu season has gotten off to an early jump. and in one county in tennessee, closing classes for the rest of the week. this year's strain of the virus is more severe. >> reporter: if you haven't had your flu shot yet, now is the time. health officials say this is the earliest start of the flu season in nearly a decade. centers for disease control says alabama, louisiana, mississippi, tennessee and texas are all reporting higher than normal cases. >> we usually see flu begin to have an uptick in about four to six weeks from now. so seeing it this early could will predict not only a longer but a more severe flu season. >> federal health officials say the most common strain this year tends to make people sicker than usual but they are encouraged because this year's vaccine seems to protect against
FOX
Dec 28, 2012 5:30am EST
hhres. the port of baltimore is one of maryland's largest eceonice geenerators o any type of work action that may result in a suspension or stoopage of work ould have an adverse effe. nearly 15-thousand dockworrers along the east and gulf in baltimoor. remain open all the time at maryland casinos. so how much mmre money will it mean for casinos and then ... state?? joel d. smith is live at "maryland llve" now to exxecting. joeel how 3pbusy is it? - 3 3 3 p3 into the d-n-a of the man ellmentary school massacre... foo clues as to what ade him s. snap.in a first-of--ts-kind study... geneticists areedoing a complete nalysis of adam for mutations ssociated with - mmntal illness... that could lead to an increaseddrisk for violence.but experts sayythat there's o proof thattppople with those genes will copy lanza's behavior.lanza shot including 20 childree... on december 14tt. in the aftermath of thee newtown massacre... petitioners... are nowwasking the stratford town counccl... of... 27-year-old victoria r soto.she'' the teachhr at sandy hook elementary scho
CSPAN
Dec 9, 2012 3:55pm EST
tourism industry that is devastated. i am talking about the mega port of the east coast that suffered huge damages, national security, because we closed the only port that was a military port and now we use the commercial port 1 we need to in the case of emergencies. i could go on and on. talk, told her, i want to get a sense from you as to the commitment of this administration and the federal government to help in new jersey, and certainly new york, and the region, recover. when we had hurricane katrina on the gulf coast in mississippi and alabama and louisiana, i was there. when we had tornadoes in missouri, i was there. when we had flooding along the mississippi, i was there. when we had cropped instructions in the midwest, i have been there. i believe this is the united states of america. i fully expect that now, for the first time, we have the type of devastation others have suffered and should understand we are going to have the type of response others have received. i would like to get a sense of you as the type of commitment this administration has? >> this is a region i also have
FOX News
Dec 28, 2012 4:00pm PST
from ports from boston to houston. coming up. plus the fbi has again released its file on marilyn monroe. this time minus all of the redactions. what the documents say about her and her suspected ties to communism ahead. and word that president george h.w. bush is improving and even singing in the hospital. that's coming up as we approach the bottom of the hour and the top of the news. [ cellphone chirping ] [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. at unitedhealthcare insurance company, we understand that commitment. and always have. so does aarp, an organization serving the needs of americans 50 and over for generations. so it's no surprise millions have chosen an aarp medicare supplement insurance plan, insured by unitedh
FOX Business
Dec 26, 2012 11:00pm EST
. >>> grover, we have to leave it there. thank you. >> okay. >>> imagine every shipping port from massachusetts to texas shut down. nothing gets in or out. unions mobilizing to strike this weekend. if they don't get their way, will everyone pay? >> forget the fiscal cliff. how about a container cliff and what it m do to the economy. time's running short and a standoff between long shoreman union workers and companies could cripple the nation. unless they reach a dea they plan to strike this weekend. we reached out but haven't heard back yet. steve moore is here with us. if th strike happens, some estimates say $1 billion per day hit to the economy. >> yeah, the's no question. if you -- you used the right word, cripple the economy. the ports in this country are the backbone of our trade, both export and imports and i've read estimates of $100 billion or more comes in and out. so it cook devastating, and reverberate throughout the economy. retailers, whesalers. food distributors, everybody would be affected by the strike if it goes forward. >> exactly what do the unions want and what is managemen
FOX News
Dec 26, 2012 1:00pm PST
. >>> imagine every shipping port from massachusetts to texas shut down. nothing gets in or out. unions mobilizing to strike this weekend. if they don't get their way, will everyone pay? [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis sympto. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor should balance the benets with theisks. all prescription nsaids, like celebrex, ibuprofen, naproxen, and meloxicam have the same cardiovascular warning. they all may increase the chance of heart attack or stroke, which can lead to death. this chance increases if you have heart disease
FOX News
Dec 28, 2012 3:00pm PST
for the third straight month to reach the highest level in two-and-a-half years. major port strike has been averted for now after mediators got the long shoreman's union to postpone it for month to work out time detail osafter new contract. correspondent phil keeting is following that story from miami. >> at least one end of the year cliff has been averted for now. container cliff. there will be no east and gulf coast port strike happening this weekend. but both sides still have much to work out. if they don't, five weeks from now will be right back to a sweeping strike with great consequences. >> a strike in long beach in los angeles a few weeks ago. that was close. if you cost that area, $1 billion a day. >> sticking point has been the container royalties. salary supplements for long shoremen. heavier the container, the more they get paid. the owners want to cap the royalties at last year's levels to 15,000 long shoreman did not. this from the federal mediator in washington. "the container royalty payment issue has been agreed upon in principle by the parties subject to achieving an overa
MSNBC
Dec 28, 2012 11:00am PST
. >>> problem averted? dock workers that were threatening to strike and shut down ports tomorrow come to a temporary deal but could the country be facing the same problem in 30 days? we'll talk about that. >>> plus, severe weather could be on the way to the east coast as parts of the country continue to recover from storms that crippled communities already. who may be affected this weekend? >>> plus -- >> from father to father, president, i just ask that as a father just to consider what's happening to the families that are in process. >> couples hoping, praying to adopt russian orphans and pleading with russian president vladimir putin after he signs a law banning americans from adopting russians. one advocate said they're small change in a game between two states. >>> as always, join our conversation on twitter. you can find us. >>> another winter storm is moving in to parts of the country right now. 65% of this nation blanketed from snow from the last one. look at that map. a whole lot of snow in a lot of places. that massive system is gone but not after a foot of snow in new engla
FOX
Dec 1, 2012 7:00am PST
. >> today is day five of a strike that's shut down seven of eight terminals at the port of los angeles and three at the port of long beach. long shore men walked off the job to support a clerical worker strike and that's caused nine ships to be diverted to other ports including oakland. 40% of the imports pass through the ports in los angeles and long beach. >>> at the port of oakland a possible freement has been reached there. members of is the diu local 1021 are set to vote next week. this a week after a worker strike and more than a year after members voted down the last contract. the union is made up of support staff. >> a state board has released a plan to restore the delta to provide a more reliable water supply. the council issued the final draft of its plan yesterday. it includes recommendations like reducing water suppliers dependance on the delta and expanding habitats. the delta currently provides drinking water to two thirds of the state and provides irrigation to five million acres of crops movement japan is handing over five million dollars to the united states to help p
CNN
Dec 28, 2012 2:00am PST
. these are the workers who move goods from the nation's ports to the stores. >> everybody from your mom and pop retailer to your farmer, to the trucking company who has go in and pick up the containers at the ports. this will be felt not just at the local economy, but nationwide for everybody else who relies on these ports. >> one port official says east and gulf coast ports handle about $55 billion worth of cargo a month so a strike could have a major effect on the retail business. >>> land lines not going the way of the vcr just yet. older americans are slow to get rid of land lines and go mobile. the centers for disease control asked 20,000 households about trends throughout the year. the study found about 52% use cell phones for all of their cal calls, that's less than 2% increase from previous years. the older generation is slower to make the switch. >>> patrick democracy might play a doctor on television but he's doing some economic cpr in real life. the ""grey's anatomy" start" trying to rescue a coffee shop chain in seattle. they're hoping to save about 500 jobs. democracy said he within as to g
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